Fewer than two years after the collapse of Britishvolt, one of the most promising battery startups in the UK, Swedish battery maker Northvolt filed for chapter 11 in the US on Nov. 21. The filing followed its failure to scale up production as planned at its flagship gigafactory in Skellefteå, Sweden and raise more funds to rescue its operations. While Northvolt’s collapse is seen as another setback to Europe’s battery ambitions, it also underlines a wider trend of new-age, clean-tech startu...
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